Munder Capital Management, the Birmingham, Mich., asset management company that is 44% owned by Comerica Inc., is seeking an investor for a stake similar in size to what chairman Lee Munder has decided to sell.

For now, Detroit-based Comerica plans to buy Mr. Munder's shares in the firm, said a spokeswoman for Munder Capital, which manages $51 billion. But the purchase, which is subject to Securities and Exchange Commission approval, is expected to be temporary. Mr. Munder is "talking to a host of companies," including some banks, as potential investors, the spokeswoman said.

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